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Inflation declined for the 10th month in a row, lowest in 2 years.
This is on top of a record 3.4% unemployment and higher wages
I do think unemployment needs to move up to 4% to drop the plateau, but that is significantly lower than 4.5-5% that the Fed was expecting.
Biden bringing down inflation while avoiding a recession right now
This is on top of a record 3.4% unemployment and higher wages
I do think unemployment needs to move up to 4% to drop the plateau, but that is significantly lower than 4.5-5% that the Fed was expecting.
Biden bringing down inflation while avoiding a recession right now
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